RBA buys entire A$1.5B; Ylds up vs similar past purchases

By Sophia Rodrigues

Published On 09 Apr 2020 , 03:58 PM

The RBA bought the entire A$1.5 billion it offered to purchase today. In case of the 2028 bonds, the cut-off yield was significantly higher compared with the purchases of the same bonds on Monday, and in line with steepening in the 2s/10s curve. On Monday, the cut-off yield on May 2028 was 0.6550% and on Novembr 2028 it was 0.6925%.

Issuer Coupon
%
Maturity
mm/yy
Amount purchased
(face value $m)
Weighted average yield
%
Cut-off yield
%
CGS 2.25 05/28 508 0.7849 0.7800
CGS 2.75 11/28 623 0.8263 0.8200
CGS 3.25 04/29 238 0.8572 0.8500
CGS 2.75 11/29 131 0.8871 0.8850

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